Compania Cervecerias Unidas (CCU) Raised to “Hold” at Zacks Investment Research
Compania Cervecerias Unidas (NYSE:CCU) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
According to Zacks, “Compañía Cervecerías Unidas S. A. (CCU) has successfully positioned itself as a Chilean multinational beverage company, with diversified businesses and operations focused on the Southern Cone of South America. CCU is active in the beer industry in Chile, where it operates the country’s leading brewery, and in Argentina, where it holds third place in the market. In the non-alcoholic beverages sector, it is Chile’s second-largest bottler of carbonated beverages and the leader in the mineral water market. It has winemaking operations in Argentina and in Chile. “
Separately, BidaskClub raised shares of Compania Cervecerias Unidas from a “hold” rating to a “buy” rating in a research report on Saturday, August 19th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $27.50.
Several hedge funds and other institutional investors have recently bought and sold shares of CCU. Sei Investments Co. acquired a new position in shares of Compania Cervecerias Unidas during the second quarter worth $115,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Compania Cervecerias Unidas in the second quarter worth $212,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Compania Cervecerias Unidas in the second quarter worth $244,000. HighTower Advisors LLC bought a new stake in shares of Compania Cervecerias Unidas in the second quarter worth $301,000. Finally, Susquehanna International Group LLP increased its stake in shares of Compania Cervecerias Unidas by 22.4% in the second quarter. Susquehanna International Group LLP now owns 19,100 shares of the company’s stock worth $501,000 after buying an additional 3,492 shares during the last quarter. 13.61% of the stock is currently owned by institutional investors and hedge funds.
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Compania Cervecerias Unidas Company Profile
Compania Cervecerias Unidas SA is a diversified beverage company operating principally in Chile, Argentina, Bolivia, Colombia, Paraguay and Uruguay. The Company operates as a brewer, soft drinks producer, water and nectar producer, wine producer and pisco distributor. The Company’s segments include Chile, International Business and Wine.
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